Side by Side Credit Cards Comparison
PC World Elite MastercardVSSimplyCash™ Preferred Card from American Express
Which one is better?
PC World Elite Mastercard
2.3
RECOMMENDED CREDIT SCORE*
SimplyCash™ Preferred Card from American Express
4.6
RECOMMENDED CREDIT SCORE*
Welcome Bonus
20,000 PC points ($20 value)
Welcome Bonus
Earn a bonus 10% cash back on all purchases for your first 3 months (up to $2,000 in purchases). Plus, earn a $50 statement credit when you make a purchase in month 13. This could add up to $250 in bonus value in your first 13 months.
Rewards Breakdown
Rewards breakdown is not available for this card.
Rewards Breakdown
Rewards breakdown is not available for this card.
How to Earn Rewards
- 45 points per $1 dollar spent at Shoppers Drug Mart® stores
- 30 points per $1 dollar spent at Atlantic Superstore, Extra Foods, Fortinos, Loblaws, Maxi, Maxi & cie, no frills, Provigo, Real Canadian Superstore, SaveEasy, SuperValu, valu-mart, Your Independent Grocer, Zehrs
- 20 points per $1 spent in PC travel
- 19 points per $1 dollar spent at ESSO and Mobil (it's 30 points per liter and the assumption of average gas price of $1.6 was made)
- 10 points per $1 dollar spent for everything else
How to Earn Rewards
- 4% cash back on eligible gas station purchases in Canada
- 4% cash back on eligible grocery purchases in Canada (up to $1,200 cash back annually)
- 2% cash back on all other eligible purchases
Insurance Included
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Car Rental Damage & Theft
Up to 31 days
Extended Warranty
Doubled up to a year
Purchase Protection
90 days
Travel Medical Insurance (64 & under)
$1M, Up to 10 days
Insurance Included
Car Rental Damage & Theft
$85K up to 48 daysExtended Warranty
1 yearPurchase Protection
90 daysTravel Medical Insurance (64 & under)
$5M/insured Person
Lost or Stolen Baggage
$500
Baggage Delay
$500
Common Carrier Travel Accident Insurance
$100,000
Mobile Device Insurance
$1,000
Hotel Burglary Insurance
$500Flight Delay
$500
Extra Benefits
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Concierge Services
Identity Theft Assistance
Extra Benefits
Amex Experiences™
Access events and special offers curated for Cardmembers with Amex Experiences™
Interest Rates
Purchase:
21.99%
Cash Advance:
22.97%
Interest Rates
Purchase:
21.99%2
Cash Advance:
21.99%2
2 If you have 2 separate missed Payments, the applicable rates for your account will be 25.99%. If you have 3 or more separate missed payments, the applicable rates will be 29.99%.
Annual Fee
$0
Annual Fee
$119.88 (paid monthly)⁕
⁕ For Quebec residents, $119/year.
Income Required
Min Personal Income:
$80,000
Min Household Income:
$150,000
Income Required
Min Personal Income:
N/A
Min Household Income:
N/A
Loyalty Program
Loyalty Program
N/A
Point Redemption Options
Groceries
0.1¢ / point.svg)
Gas (Esso)
0.1¢ / point
Statement Credits (Cash)
0.07¢ / point
Point Redemption Options
Not Applicable
Is this card worth it?
This is a great card to have in your arsenal if you frequently shop at Shoppers Drug Mart®, Loblaw's owned chains, and ESSO and Mobil gas stations, as you will earn significant rewards in these categories. The additional benefits, such as out-of-province medical insurance, car rental damage insurance, and concierge service, are impressive and typically only come with cards that have annual fees; however, you can access these benefits for free with this card. We do not recommend using this as your primary credit card but as a supplement to another primary card, especially because there are no fees. This is because the rewards on purchases outside the mentioned shops are very average, and many other cards offer much more substantial rewards for general use.
Is this card worth it?
The Simply Cash Preferred is one of the best cashback credit cards in Canada. The base cashback rate of 2% is great for all purchases, but the 4% on groceries and gas, which are two of the highest expenses for most people is the cherry on top of their great cashback program.
Pros
- No annual fee
- Decent insurance
- Decent rewards
Pros
- High cashback rates
- Solid base rate
- Comprehensive insurance
- Instant decision. No credit impact.
Cons
- Limited rewards
- Income requirements
Cons
- Annual cashback redemptions
- Lower acceptance
- Annual fee
vs Scotia Momentum® Visa* Card
vs CIBC Costco Mastercard
vs BMO CashBack® World Elite®* Mastercard®*
vs Amazon.ca Rewards Mastercard®
vs Scotia Momentum® Visa Infinite +* Card
vs MBNA Rewards World Elite® Mastercard®
vs American Express® Green Card
vs Simplii Financial™ Cash Back Visa* Card
vs RBC ION+ Visa
vs American Express Gold Rewards Card®
vs Rogers Red World Elite® Mastercard
vs American Express Cobalt® Card
vs American Express® Aeroplan®* Reserve Card
vs Marriott Bonvoy® American Express®* Card
vs American Express Platinum Card®
vs SimplyCash® Card from American Express
vs American Express® Aeroplan®* Card
vs Scotia Momentum® Visa* Card
vs CIBC Costco Mastercard
vs CIBC Aeroplan® Visa Infinite* Card
vs BMO CashBack® World Elite®* Mastercard®*
vs Tangerine Money-Back Mastercard
vs Amazon.ca Rewards Mastercard®
vs American Express® Green Card
vs Simplii Financial™ Cash Back Visa* Card
vs RBC ION+ Visa
vs American Express Gold Rewards Card®
vs Rogers Red World Elite® Mastercard
vs Rogers Red Mastercard
vs American Express Cobalt® Card
Legal
*Terms and conditions apply.
If you have 2 separate missed Payments, the applicable rates for your account will be 25.99%. If you have 3 or more separate missed payments, the applicable rates will be 29.99%.
American Express is not responsible for maintaining or monitoring the accuracy of information on this website. If you apply and get approved for an American Express Card, (I/we) may receive compensation from American Express, which can be in the form of monetary payment.